Beschreibung:
Relying on a broad array of records used together for the first time, Panic in the Loop reveals widespread fraud and insider abuse by bankers-and the complicity of corrupt politicians-that caused the Chicago banking debacle of 1932. It provides a fresh interpretation of the role played by bankers who turned the nation's financial crisis of the early 1930s into the decade-long Great Depression. It also calls for the abolition of secrecy that still permeates the bank regulatory system, which would have prevented the Enron fiasco and the financial meltdown of 2008.
Contents Introduction Chapter 1: Insiders of Business and Banking: Samuel Insull and Charles Dawes Chapter 2: The Fall of Insull Chapter 3: Insiders at the Reconstruction Finance Corporation Chapter 4: Insider Abuse at the Dawes Bank Chapter 5: Dawes Plays His Hand Chapter 6: Playing the Young Card Chapter 7: The Winners and Losers Conclusion Bibliographical Essay Abbreviations Used in the Notes Notes Select Bibliography Index